The Trend Is Still Our Friend

By

Robert Lang

| Jan 27, 2013 | 12:00 PM EST

The first big week of earnings season is finished, on a shortened week, and the market is still standing tall. The S&P 500 just finished the week above 1500 -- a significant milestone, as it hadn't closed above that level since 2007. The Dow, meanwhile, is within a stone's throw of a new all-time high.

S&P 500
Source: StockCharts.com
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Yet the skeptics abound. I understand how difficult it is to climb on board a market that has broken out, as our tendencies are to "buy low, sell high." When it comes to trading, the worst feeling is buying when everyone else is selling. But an even worse feeling is missing a great run by failing to recognize that it is OK to buy. These signals don't show often, but they tend to be very clear -- if you are looking them....360 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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